Global BC’s chief political reporter Keith Baldrey is reporting the threshold will go up to $1.6 million when announced Tuesday.

“It’s one of the biggest jumps, I think it is the biggest jump in terms of that threshold in some time. There was a big jump before the 2013 election, for a couple of years there, this one of course comes on the eve of the May election, with a significant increase of $400,000 in terms of assessed value.”Baldrey says that should cover about 90-percent of people eligible for the grant last year.

“There’re so many people who are at risk of having to give up homes that they bought that they could barely afford because people leverage themselves so far, they borrowed money for downpayments from friends and family or from private lenders. There’s a huge number of people that are living paycheck to paycheck and stretched themselves to get into the market, and any increase is unsustainable to them.”

Eby wouldn’t say what he thinks a fair threshold would be but says any change should account for big differences in regional valuations.